Buffett's Group Already Owns 80% of the Israeli Metalworking Company

Warren Buffett's Berkshire Hathaway Inc. agreed to pay $2.05 billion to purchase the remaining piece of an Israeli metalworking company that it had acquired a stake in seven years ago.

Berkshire is buying the remaining 20% stake in IMC International Metalworking Cos., called Iscar, from the Wertheimer family, the founders of the company. They had sold the first 80% to Berkshire for $4 billion in 2006, meaning the company doubled in...